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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders that has been adjusted for dilutive securities, by the weighted-average number of common shares outstanding including dilutive securities.

The following is a reconciliation of the calculation of basic and diluted earnings (loss) per share (in thousands, except share and per share data):
 
Three Months Ended March 31,
 
2014
 
2013
Numerator:
 
 
 
Income (loss) from continuing operations
$
4,037

 
$
(4,799
)
Income from discontinued operations
—

 
673

Net income (loss)
$
4,037

 
$
(4,126
)
Denominator:
 
 
 
Weighted-average number of common shares outstanding—basic
195,623,959

 
195,301,268

Effect of dilutive securities:
 
 
 
Unvested restricted common stock
205,363

 
—

Shares related to unvested MSUs and PSUs
575,733

 
—

Weighted-average number of common shares outstanding—diluted
196,405,055

 
195,301,268

Basic earnings (loss) per share:


 
 
Continuing operations
$
0.02

 
$
(0.02
)
Discontinued operations
—

 
0.00

Total
$
0.02

 
$
(0.02
)
Diluted earnings (loss) per share:
 
 
 
Continuing operations
$
0.02

 
$
(0.02
)
Discontinued operations
—

 
0.00

Total
$
0.02

 
$
(0.02
)


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